DCBO Chart
About

Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally. The company's cloud platform consists of a learning suite, which includes Docebo Learn platform, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Content Marketplace, an access to off-the-shelf learning content and provide predeveloped learning content; Insights module allows organizations to understand the results of learning programs with data visualizations; Learning Evaluation module to incorporate the learner's perspective into analyses by collection of feedback; and Advanced Analytics Pack to integrate learning data into data ecosystem and BI tool. It also offers Communities module enabling interactive learner communities; eCommerce module that monetize from digital training contents, as well as manage and sells training offerings; eCommerce module to monetize training programs; Docebo Integrations; Headless Learning allows businesses to build learning experiences outside of the Docebo learning environment; Harmony Search, an AI-powered search capability. In addition, the company provides Docebo Creator enables organizations to design, scale, and deploy learning contents; Docebo for Salesforce, an integration of Salesforce's APIs and technology architecture to deliver a learning experience within Salesforce workflows; Docebo Embed (OEM) enables original equipment manufacturers to embed and resell the Docebo learning platform; Docebo Branded Mobile App Publisher, allows organizations to create and distribute a branded version of Docebo's mobile learning application; Docebo Extended Enterprise supports customer education, partner enablement, and retention by enabling organizations to train external audiences from a single LMS; and Docebo for Microsoft Teams. The company was founded in 2005 and is headquartered in Toronto, Canada.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 545.09M
Enterprise Value 473.61M Income 37.51M Sales 242.69M
Book/sh 2.58 Cash/sh 2.57 Dividend Yield —
Payout 0.00% Employees 966 IPO —
P/E 14.80 Forward P/E 9.75 PEG —
P/S 2.25 P/B 7.35 P/C —
EV/EBITDA 15.29 EV/Sales 1.95 Quick Ratio 1.05
Current Ratio 1.22 Debt/Eq 3.46 LT Debt/Eq —
EPS (ttm) 1.28 EPS next Y 1.94 EPS Growth 141.70%
Revenue Growth 10.50% Earnings 2026-05-08 ROA 9.33%
ROE 56.90% ROIC — Gross Margin 80.22%
Oper. Margin 15.37% Profit Margin 15.46% Shs Outstand 28.76M
Shs Float 12.38M Short Float — Short Ratio 2.15
Short Interest — 52W High 33.70 52W Low 16.07
Beta 0.84 Avg Volume 187.90K Volume 189.69K
Target Price $29.36 Recom Buy Prev Close $19.44
Price $18.95 Change -2.52%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.36
Mean price target
2. Current target
$18.95
Latest analyst target
3. DCF / Fair value
$4.25
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.95
Low
$24.00
High
$38.00
Mean
$29.36

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-02 main Scotiabank Sector Outperform → Sector Outperform $25
2026-03-02 main Morgan Stanley Equal-Weight → Equal-Weight $26
2026-02-27 main Needham Buy → Buy $31
2026-01-30 main Scotiabank Sector Outperform → Sector Outperform $32
2026-01-29 reit Needham Buy → Buy $38
2026-01-21 main Cantor Fitzgerald Overweight → Overweight $28
2025-11-10 main Morgan Stanley Equal-Weight → Equal-Weight $28
2025-11-07 main Needham Buy → Buy $38
2025-11-05 init Oppenheimer — → Outperform $35
2025-10-29 main CIBC Outperformer → Outperformer $36
2025-06-09 init Cantor Fitzgerald — → Overweight $35
2025-05-12 main Scotiabank Sector Outperform → Sector Outperform $40
2025-05-12 down Morgan Stanley Overweight → Equal-Weight $32
2025-04-16 main Morgan Stanley Overweight → Overweight $41
2025-04-10 reit Needham Buy → Buy $42
2025-03-04 main Scotiabank Sector Outperform → Sector Outperform $45
2024-11-11 main Craig-Hallum Buy → Buy $62
2024-11-08 main Needham Buy → Buy $60
2024-10-24 main Scotiabank Sector Outperform → Sector Outperform $55
2024-09-12 main Needham Buy → Buy $50
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 3630715 — — Intercap Equity Inc. 10% Security Holder of Issuer — 2026-02-27 00:00:00 D nan
1 — — — Intercap, Inc. 10% Security Holder of Issuer — 2026-02-27 00:00:00 D nan
2 3630715 — Disposition carried out privately at price 19.34 per share. Warburg Pincus, L.L.C. 10% Security Holder of Issuer — 2026-02-27 00:00:00 I 70236181.0
3 3630715 — — Chapnik (Jason) Director of Issuer — 2026-02-27 00:00:00 I nan
4 3630715 — — Chapnik (Jason) Director of Issuer — 2026-02-27 00:00:00 I nan
5 1246 — — Artuffo (Alessio) Director of Issuer — 2026-02-23 00:00:00 D nan
6 569 — Disposition in the public market at price 16.44 per share. Artuffo (Alessio) Director of Issuer — 2026-02-23 00:00:00 D 9356.0
7 5000 — — Merkur (James L.) Director of Issuer — 2026-01-02 00:00:00 I nan
8 5000 — — Merkur (James L.) Director of Issuer — 2026-01-02 00:00:00 D nan
9 54 — — Farber (Brandon Gabriel) Senior Officer of Issuer — 2025-12-31 00:00:00 D nan
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-186.45K357.75K-1.29M1.10M
TaxRateForCalcs0.150.150.400.10
NormalizedEBITDA29.02M24.90M11.52M-706.00K
TotalUnusualItems-1.24M2.38M-3.23M11.20M
TotalUnusualItemsExcludingGoodwill-1.24M2.38M-3.23M11.20M
NetIncomeFromContinuingOperationNetMinorityInterest37.51M26.74M2.84M7.02M
ReconciledDepreciation3.19M3.38M3.14M2.33M
ReconciledCostOfRevenue47.85M41.30M34.50M28.18M
EBITDA27.78M27.28M8.28M10.49M
EBIT24.59M23.90M5.14M8.16M
NetInterestIncome1.21M2.40M7.58M3.43M
InterestExpense146.00K185.00K296.00K376.00K
InterestIncome1.86M2.68M7.96M3.83M
NormalizedIncome38.57M24.71M4.78M-3.08M
NetIncomeFromContinuingAndDiscontinuedOperation37.51M26.74M2.84M7.02M
TotalExpenses218.21M198.02M180.16M149.84M
TotalOperatingIncomeAsReported23.24M21.29M-3.71M4.18M
DilutedAverageShares29.37M30.99M33.68M34.04M
BasicAverageShares28.69M30.27M32.53M33.07M
DilutedEPS1.280.860.080.21
BasicEPS1.310.880.090.21
DilutedNIAvailtoComStockholders37.51M26.74M2.84M7.02M
NetIncomeCommonStockholders37.51M26.74M2.84M7.02M
NetIncome37.51M26.74M2.84M7.02M
NetIncomeIncludingNoncontrollingInterests37.51M26.74M2.84M7.02M
NetIncomeContinuousOperations37.51M26.74M2.84M7.02M
TaxProvision-13.07M-3.02M2.01M764.00K
PretaxIncome24.45M23.71M4.85M7.78M
OtherIncomeExpense-1.24M2.40M-3.42M11.28M
OtherNonOperatingIncomeExpenses2.00K17.00K-181.00K85.00K
SpecialIncomeCharges0.001.16M85.00K
RestructuringAndMergernAcquisition0.00-1.16M-85.00K
GainOnSaleOfSecurity-1.24M2.38M-4.39M11.11M
NetNonOperatingInterestIncomeExpense1.21M2.40M7.58M3.43M
TotalOtherFinanceCost506.00K92.00K86.00K24.00K
InterestExpenseNonOperating146.00K185.00K296.00K376.00K
InterestIncomeNonOperating1.86M2.68M7.96M3.83M
OperatingIncome24.48M18.91M680.00K-6.93M
OperatingExpense170.36M156.73M145.66M121.66M
DepreciationAmortizationDepletionIncomeStatement3.19M3.38M3.14M2.33M
DepreciationAndAmortizationInIncomeStatement3.19M3.38M3.14M2.33M
ResearchAndDevelopment50.12M43.91M35.48M24.78M
SellingGeneralAndAdministration117.05M109.44M107.04M94.55M
SellingAndMarketingExpense76.35M69.52M67.20M59.65M
GeneralAndAdministrativeExpense40.70M39.92M39.84M34.90M
OtherGandA34.70M32.59M33.79M30.18M
SalariesAndWages6.00M7.33M6.05M4.71M
GrossProfit194.84M175.64M146.34M114.73M
CostOfRevenue47.85M41.30M34.50M28.18M
TotalRevenue242.69M216.93M180.84M142.91M
OperatingRevenue242.69M216.93M180.84M142.91M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber28.75M30.26M30.31M32.91M
ShareIssued28.75M30.26M30.31M32.91M
TotalDebt2.56M1.50M2.11M3.07M
TangibleBookValue58.52M42.24M34.07M185.08M
InvestedCapital74.09M57.76M50.72M192.21M
WorkingCapital27.73M25.64M26.50M179.22M
NetTangibleAssets58.52M42.24M34.07M185.08M
CapitalLeaseObligations2.56M1.50M2.11M3.07M
CommonStockEquity74.09M57.76M50.72M192.21M
TotalCapitalization74.09M57.76M50.72M192.21M
TotalEquityGrossMinorityInterest74.09M57.76M50.72M192.21M
StockholdersEquity74.09M57.76M50.72M192.21M
GainsLossesNotAffectingRetainedEarnings-7.43M-9.28M-5.95M-9.57M
OtherEquityAdjustments-7.43M-9.28M-5.95M-9.57M
RetainedEarnings-184.04M-205.37M-204.79M-74.87M
AdditionalPaidInCapital20.95M19.11M13.96M8.46M
CapitalStock244.60M253.29M247.50M268.19M
CommonStock244.60M253.29M247.50M268.19M
TotalLiabilitiesNetMinorityInterest132.56M132.95M107.65M91.46M
TotalNonCurrentLiabilitiesNetMinorityInterest8.76M4.35M7.00M7.10M
OtherNonCurrentLiabilities1.18M2.24M
EmployeeBenefits3.59M3.37M3.29M2.42M
NonCurrentPensionAndOtherPostretirementBenefitPlans3.29M2.42M2.56M
TradeandOtherPayablesNonCurrent0.001.04M0.00
NonCurrentDeferredLiabilities3.23M823.00K2.03M1.80M
NonCurrentDeferredRevenue2.57M794.00K617.00K528.00K
NonCurrentDeferredTaxesLiabilities663.00K29.00K1.42M1.28M
LongTermDebtAndCapitalLeaseObligation1.94M154.00K639.00K1.69M
LongTermCapitalLeaseObligation1.94M154.00K639.00K1.69M
CurrentLiabilities123.80M128.60M100.65M84.36M
OtherCurrentLiabilities18.30M1.08M467.00K
CurrentDeferredLiabilities85.47M72.92M67.27M55.78M
CurrentDeferredRevenue85.47M72.92M67.27M55.78M
CurrentDebtAndCapitalLeaseObligation621.00K1.34M1.47M1.37M
CurrentCapitalLeaseObligation621.00K1.34M1.47M1.37M
LineOfCredit0.00
CurrentProvisions787.00K
PayablesAndAccruedExpenses36.93M36.04M31.91M26.13M
Payables36.93M36.04M31.91M26.13M
OtherPayable838.00K
TotalTaxPayable966.00K343.00K251.00K101.00K
IncomeTaxPayable966.00K343.00K251.00K101.00K
AccountsPayable35.96M34.86M31.66M26.02M
TotalAssets206.65M190.71M158.38M283.67M
TotalNonCurrentAssets55.12M36.47M31.22M20.08M
NonCurrentDeferredAssets35.12M17.81M11.07M8.05M
NonCurrentDeferredTaxesAssets20.03M5.21M325.00K118.00K
NonCurrentAccountsReceivable241.00K204.00K
InvestmentsAndAdvances0.0045.00K241.00K204.00K
GoodwillAndOtherIntangibleAssets15.57M15.53M16.65M7.13M
OtherIntangibleAssets1.03M1.67M2.40M1.15M
Goodwill14.54M13.85M14.25M5.98M
NetPPE4.43M3.13M3.45M4.66M
AccumulatedDepreciation-10.19M-9.71M-7.96M-5.62M
GrossPPE14.62M12.84M11.40M10.28M
Leases8.92M7.79M7.13M6.58M
ConstructionInProgress0.00268.00K0.00
OtherProperties163.00K332.00K382.00K330.00K
MachineryFurnitureEquipment4.92M4.35M3.60M2.98M
BuildingsAndImprovements4.97M
LandAndImprovements790.00K267.00K348.00K332.00K
Properties0.000.000.000.00
CurrentAssets151.52M154.24M127.15M263.58M
CurrentDeferredAssets9.70M7.45M6.39M2.78M
PrepaidAssets11.70M8.60M5.99M6.38M
Receivables56.09M45.60M42.74M37.96M
OtherReceivables5.39M4.44M3.53M3.68M
TaxesReceivable5.20M1.69M2.85M3.49M
AccruedInterestReceivable39.00K213.00K0.001.66M
AccountsReceivable45.47M39.27M36.35M29.13M
AllowanceForDoubtfulAccountsReceivable-1.02M-1.08M-1.05M-719.00K
GrossAccountsReceivable46.49M40.35M37.41M29.85M
CashCashEquivalentsAndShortTermInvestments74.04M92.58M72.03M216.47M
OtherShortTermInvestments0.0043.00K83.00K174.00K
CashAndCashEquivalents74.04M92.54M71.95M216.29M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow27.19M28.00M15.33M1.21M
RepurchaseOfCapitalStock-47.05M-11.02M-159.45M0.00
RepaymentOfDebt-1.83M-1.97M-1.78M-1.41M
IssuanceOfDebt43.00K80.00K105.00K159.00K
IssuanceOfCapitalStock0.00
CapitalExpenditure-981.00K-1.25M-635.00K-1.08M
EndCashPosition74.04M92.54M71.95M216.29M
BeginningCashPosition92.54M71.95M216.29M215.32M
EffectOfExchangeRateChanges1.81M-323.00K218.00K-745.00K
ChangesInCash-20.31M20.91M-144.56M1.72M
FinancingCashFlow-46.65M-6.84M-151.00M1.67M
CashFlowFromContinuingFinancingActivities-46.65M-6.84M-151.00M1.67M
NetOtherFinancingCharges1.41M2.47M7.95M2.11M
ProceedsFromStockOptionExercised780.00K3.61M2.17M808.00K
NetCommonStockIssuance-47.05M-11.02M-159.45M0.00
CommonStockPayments-47.05M-11.02M-159.45M0.00
CommonStockIssuance0.00
NetIssuancePaymentsOfDebt-1.78M-1.89M-1.68M-1.25M
NetLongTermDebtIssuance-1.78M-1.89M-1.68M-1.25M
LongTermDebtPayments-1.83M-1.97M-1.78M-1.41M
LongTermDebtIssuance43.00K80.00K105.00K159.00K
InvestingCashFlow-1.84M-1.50M-9.52M-2.25M
CashFlowFromContinuingInvestingActivities-1.84M-1.50M-9.52M-2.25M
NetBusinessPurchaseAndSale-859.00K-250.00K-8.89M-1.16M
PurchaseOfBusiness-859.00K-250.00K-8.89M-1.16M
NetPPEPurchaseAndSale-981.00K-1.25M-635.00K-1.08M
PurchaseOfPPE-981.00K-1.25M-635.00K-1.08M
OperatingCashFlow28.17M29.25M15.96M2.29M
CashFlowFromContinuingOperatingActivities28.17M29.25M15.96M2.29M
TaxesRefundPaid-3.18M-292.00K-884.00K-589.00K
ChangeInWorkingCapital-3.34M1.09M7.39M3.14M
ChangeInOtherWorkingCapital8.35M3.94M5.04M7.36M
ChangeInPayablesAndAccruedExpense-1.35M4.52M5.53M4.43M
ChangeInPayable-1.35M4.52M5.53M4.43M
ChangeInPrepaidAssets-2.52M-2.89M555.00K225.00K
ChangeInReceivables-7.81M-4.47M-3.73M-8.88M
ChangesInAccountReceivables-12.32M
OtherNonCashItems-1.21M-2.40M-8.74M-3.51M
StockBasedCompensation6.00M7.33M6.05M4.71M
DeferredTax-13.07M-3.02M2.01M764.00K
DeferredIncomeTax-13.07M-3.02M2.01M764.00K
DepreciationAmortizationDepletion3.19M3.38M3.14M2.33M
DepreciationAndAmortization3.19M3.38M3.14M2.33M
AmortizationCashFlow689.00K693.00K613.00K
AmortizationOfIntangibles689.00K693.00K613.00K
Depreciation2.50M2.69M2.53M
OperatingGainsLosses2.27M-3.57M4.16M-11.57M
NetForeignCurrencyExchangeGainLoss2.25M-3.57M3.96M-11.59M
NetIncomeFromContinuingOperations37.51M26.74M2.84M7.02M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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